<\/p>\n
The Bank of Japan (BOJ) delivered a cautious hold and warns against a weaker Japanese Yen (JPY), BBH’s FX analysts report.<\/p>\n
“USD\/JPY rallied briefly above 150.00 before paring back gains to 149.20. As was widely expected, the BOJ left the policy rate unchanged at 0.50%. The decision was unanimous. BOJ Governor Ueda reiterated the bank\u2019s guidance that it would continue to raise the policy interest rate if the outlook<\/a> for economic activity and prices will be realized, adding real interest rate is very low.”<\/p>\n “However, the BOJ cautioned ‘there remain high uncertainties surrounding Japan’s economic activity and prices, including the evolving situation regarding trade\u2026’ The comments reinforce market pricing for a BOJ terminal rate of 1.00% to 1.25% over the next two years with the next full 25bps hike in September.”<\/p>\n “The limited room for a further upward adjustment to BOJ rate expectations curtails JPY upside. Meanwhile, JPY downside is contained as the BOJ signaled little tolerance for a weaker currency. ‘With firms’ behavior shifting more toward raising wages and prices recently, exchange rate developments are, compared to the past, more likely to affect prices.’ USD\/JPY<\/a> faces important resistance at the 200-day moving average around 152.00.”<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Bank of Japan (BOJ) delivered a cautious hold and warns against a weaker Japanese Yen (JPY), BBH’s FX analysts report. BOJ signals little tolerance for a weaker currency “USD\/JPY rallied briefly above 150.00 before paring back gains to 149.20. As was widely expected, the BOJ left the policy rate unchanged at 0.50%. The decision […]<\/p>\n","protected":false},"author":2,"featured_media":383422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,308,275,256,254],"class_list":["post-383421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/383421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=383421"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/383421\/revisions"}],"predecessor-version":[{"id":383423,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/383421\/revisions\/383423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/383422"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=383421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=383421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=383421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}